Shaktikanta Das, Reserve Bank Governor on Wednesday said the country is at the doorstep of economic revival on the back of accommodative monetary and fiscal policies being pursued by the central bank and the government.
“We are almost at the doorstep of revival process and it’s very important that the financial entities have adequate capital (to support growth),” he said.
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Many of them have already raised capital and others are planning, he said, adding they would certainly do so in the coming months.
Das added that India followed the fiscal expansion path to deal with COVID-19-related challenges.
“I think post COVID, once there is containment of pandemic, the government will certainly have to spell out a fiscal roadmap that India should adopt,” he concluded.